Not everyone out there is driving insured, so it might be worth considering uninsured motorist coverage as well. In the event that you get bonked by someone who isn't covered, your insurance company will foot the bill for any medical or property damage expenses that occur as a result.

The bottom line is most minimum coverage is just that-minimum. Take the time to evaluate your own driving tendencies, how much time you spend on the road and the cost of vehicles around you and settle on a level of coverage you're comfortable with.

Customer service should play a big part in what company you finally decide to go with, and one of the best ways to get a feel for how providers in your area perform is to just ask around. Everybody who owns and drives a car has to have insurance, so odds are they can give you at least some kind of opinion on their insurer.

An extended warranty , then, is essentially a service contract that a dealer sells to cover future repairs. These contracts are offered as an add-on cost at the time of vehicle purchase, though they can be bought later on in ownership as well. While at first an extended warranty may seem like a no-brainer purchase, there are several things consumers should consider before jumping into a service contract.

Depending on the types of cars you own and the vehicle your son or daughter drives, it's possible that your teen may even save money by getting their own policy. While you know that there's no way your teen will get behind the wheel of your new sports car while you're still breathing, the insurance company knows that miracles - and mistakes - happen. Both you and your child may pay for your taste in high dollar machinery.

Knowing exactly what kind of policy each of your vehicles needs is a good way to pinch some pennies. While your straight from the showroom ride may need all the coverage it can get, you can probably lower the amount of coverage on your daily beater. If you're paying more in insurance each year than what the car is worth, it might be a good idea to take the policy down a notch or two.